Installment Loans in Solomons, Maryland

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No installment loan companies in Solomons, MD. Consider companies in other cities:

Company nameAddressZip codePhone number
ACE Cash Express 1170 W Patrick St A, Frederick, MD 21703 +1 (301) 695 - 2817
M&T Bank 10600 New Georges Creek Rd SW, Frostburg, MD 21532 +1 (301) 689 - 3182
Queenstown Bank of Maryland 1005 Sudlersville Rd, Church Hill, MD 21623 +1 (410) 827 - 8881
SunTrust Mortgage 52 W Central Ave, Edgewater, MD 21037 +1 (800) 382 - 3232
AdvanceLoan 8101 Sandy Spring Rd, Laurel, MD 20707 +1 (860) 270 - 0708
Embrace Home Loans-Maryland - Ocean City 8008 Coastal Hwy Ste 2, Ocean City, MD 21842 +1 (443) 664 - 6628
Fairway Independent Mortgage Corporation 40 W Chesapeake Ave Suite 400, Suite 400, Towson, MD 21204 +1 (443) 652 - 4320
Howard Bank - Aberdeen 3 W Bel Air Ave, Aberdeen, MD 21001 +1 (410) 272 - 6500
Lendmark Financial Services LLC 18340 Spark Dr Suite 103, Hagerstown, MD 21740 +1 (240) 420 - 2800
SunTrust 6470 Freetown Rd, Columbia, MD 21044 +1 (301) 543 - 3220

Installment Loan Companies in Nearby Cities

If there are no installment loan companies in Solomons, MD, you can try to find different companies in big cities nearby. Check out the following pages here: Installment Loans in Germantown, MD, Installment Loans in Glen Burnie, MD, Installment Loans in Hagerstown, MD, Installment Loans in Montgomery Village, MD, Installment Loans in Odenton, MD, Installment Loans in Olney, MD, Installment Loans in Owings Mills, MD and Installment Loans in Parkville, MD. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Solomons, MD.

About Installment Loans in Solomons, Maryland

If you’re facing an unexpected expense in Solomons, Maryland, taking out an installment loan may be a viable solution. Installment loans are a type of loan that allows the borrower to pay back the loan in fixed, regular installments over a set period of time. In this article, we’ll explore everything you need to know about installment loans in Solomons, Maryland.

How Do Installment Loans Work?

When you take out an installment loan, you’ll receive a lump sum of money that you’ll need to pay back, along with any interest and fees, over a fixed term. Installment loans are typically repaid in monthly installments, with the amount due each month remaining the same throughout the loan term. The interest rate you pay on an installment loan will depend on a variety of factors, including your credit score, income, and the amount of the loan.

Installment loans can be secured or unsecured. A secured loan requires you to provide collateral as security for the loan, while an unsecured loan does not. Car loans and mortgages are examples of secured installment loans, while personal loans and student loans are typically unsecured.

Are Installment Loans Legal in Solomons, Maryland?

Yes, installment loans are legal and regulated in Maryland. The state has put restrictions in place to protect consumers from predatory lending practices, such as limiting the amount of interest lenders can charge.

It’s still important to do your own research and make sure you’re working with a reputable lender. You can check with the Maryland Department of Labor, Licensing, and Regulation to make sure your lender is licensed and in good standing.

What Are the Benefits of Installment Loans?

  • Flexible Repayment Terms: With installment loans, you’ll have a fixed repayment schedule, which means you’ll know exactly how much you need to pay each month. This can be especially helpful if you’re on a tight budget.
  • Lower Interest Rates: In many cases, installment loans offer lower interest rates than other types of loans, such as payday loans or cash advances.
  • Build Credit: Making on-time payments on your installment loan can help you build credit and improve your credit score.

What Are the Drawbacks of Installment Loans?

  • Higher Total Cost: While installment loans may have lower interest rates, the total cost of the loan can still be high, especially if you choose a longer repayment term.
  • Default Risks: If you’re unable to make your monthly payments, you risk defaulting on the loan, which can lead to fees, damage to your credit score, and even legal action.
  • Add-Ons: Some lenders may try to upsell you add-ons, such as credit insurance or credit monitoring, which can increase the overall cost of the loan.

What Are Some Important Statistics About Installment Loans in Solomons, Maryland?

  • More than 450,000 people in Maryland have taken out installment loans.
  • The average annual interest rate for installment loans in Maryland is around 25%.
  • The average amount of an installment loan in Maryland is around $900.
  • Lenders in Maryland are prohibited from charging more than 33% interest per year on loans of $2,000 or less, and 24% on loans between $2,000 and $6,000.

Apply Now for an Installment Loan in Solomons, Maryland

If you’re in need of financial assistance in Solomons, Maryland, TheGuaranteedLoans is here to help. Our platform helps connect borrowers with potential lenders, quickly and easily. We offer a simple online application process that takes just a few minutes to complete. Remember, TheGuaranteedLoans is a connector service, not a direct lender. We work with a network of trusted lenders to help you find the loan that’s right for you.

So why wait? Apply now to see if you qualify for an installment loan in Solomons, Maryland. Our team is here to assist you every step of the way.

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Installment Loans Available in Solomons, MD By The Following ZIP Codes:

20688

Solomons, MD installment loan calculator

Advise to read before applying

F.A.Q. About Installment Loans

Can I get No Credit Check Loan in Solomons, MD?

Yes, you can get a no credit check loan in Solomons, MD when you apply online.

How to Get a Bad Credit Loans in Solomons, MD?

To apply for a bad credit loan in Solomons, MD, you need to find a direct loan lender online.

Look for Installment Loans in Other Cities:

Annapolis Baltimore Bethesda Bowie Catonsville Clinton College Park Columbia Dundalk Ellicott City Essex Frederick Gaithersburg Germantown Glen Burnie Hagerstown Montgomery Village Odenton Olney Owings Mills Parkville Pikesville Potomac Randallstown Rockville Salisbury Severn Severna Park Silver Spring Towson Waldorf
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